The Internet gives us so many windows of opportunities to make our life much easier. Nowadays, all kind of Internet business transactions and shopping have been revolutionized by the Internet through online payment services such as Paypal and Google Checkout.

Similarities Between Paypal and Google Checkout

Both are free and easy to set up. Both also require credit card verification in order to get your account working.

Both Paypal and Google Checkout quite similar in the sense that they can be used by sellers, merchants and buyers to sell, trade, or pay for certain items or services.

Paypal vs Google Checkout

Paypal is now owned by Ebay. Google Checkout is an online service provided by Google Inc. It was opened to the public since June of 2006, and was a free service.

Most of the people know to make use Western Union when sending money from 1 location to another location, thus Western Union is the most well-known money transfer service around. And, it has more agent locations than other money transfer services. But, do you know what is the main competitor of Western Union? Yes, it’s MoneyGram, actually it’s almost same like Western Union. The procedure is quite simple and it just takes a few minutes to fill out the form and then your money can be sent to the receiver who is stay another side of the world.

As I known, MoneyGram also offer the services like make payment for your utility bills (e.g gas, phone, water, electric and so on). Perhaps in future, I will try to make use of this service to pay several of my bills each month. Furthermore, it also allows you to use its service to top up some fund into your prepaid credit cards.

As everybody known, Paypal is the most safest online payment method since it will not expose your credit card numbers and you just need to provide online merchant with your email address that you created to pay for your transaction or transfer your Paypal fund. There is no fee to join or open a Paypal account.

If you make money online, then you must have a PayPal account. Many corporate make use of its as it is a quick way to send and receive payments online. And, Paypal customers may transfer money to their regular bank account without any Paypal fees.

For your additional information, Paypal is a subsidiary of eBay, which is the one of largest companies on the Internet.

Types of Paypal Account

Basically, there are 3 types of different accounts you can sign up with Paypal:

Personal Paypal Account – this is for individual who use the Paypal account to purchase things online. You can receive money from Paypal instant transfer. There are no fees to receive money, and you will be charged only US$ 5 per withdrawal.

Premier/Business Paypal Account – If you are doing bigger transaction like selling goods online daily. Then it is advisable to create premier/ business account to lift up your monthly receiving limit. However, you need to pay some fees for receiving Paypal fund.

Easy Steps To Create Paypal Account

To create your Paypal account:

i) Sign up for an account by visiting the PayPal website and clicking the “Sign Up” link located at the left side of the page.
ii) Choose your country or region
iii) Choose your language
iv) Pick the Paypal Account type of your choice

There are several methods for you to pay your income tax, you can make your payment at Public Bank, Maybank, LHDN(Lembaga Hasil Dalam Negeri) counter, by cheque or bank draft, or online banking. I more prefer do things online since it is hassle free; therefore I made my income tax payment through Public E-banking.

If you are a resident of Malaysia, and you have source of income from Malaysia…Then you have to pay tax. If you are a resident of Malaysia, but your gain income from overseas, like Internet business income, dividend income from foreign stocks…are all exempted from Malaysia’s Income Tax.

Pay Income Tax Through Pbebank

Make sure that you have a Public Bank Internet Banking account. You can apply it at any Public Bank branch. Once you get it, you can login your account.

Last time when I went to Public Bank, the only thing that makes me feel curious is the new payment option, which available now in Malaysia – Western Union. I did use paypal but never use Western Union before. After done a lot of research, I found that the difference between Paypal and Western Union is not much. Paypal is owned by eBay and more advertises on security issue whereas Western Union does not but you will know whom you are sending money to.

There are 4 Malaysia Western Union Options currently:

=> POS Malaysia Berhad
=> CIMB Bank (charge additional US$15 for US cheque greater than US$1000, from other people opinion).
=> RHB Bank Berhad(exchange rate will be better a bit, from other people opinion).
=> Public Bank Berhad

In other countries, there have more Western Union agent locations. You can find it in POS office, banks, supermarkets, travel agencies, airport, train and bus station, and currency exchange offices.